Yes, it is - Legendary have been working on it for a while (it was announced several years ago).
But I've checked out on it. I was very excited, thinking they might just manage it... But it's now a Netflix movie and that means the studio lacks faith in it. If it's the genuinely fantastic film that I want which does Gundam justice... That'll be BY FAAAAAAR the best Netflix movie ever, massively outstripping literally every movie I've seen on there so far.
But it's likely not going to be, so expect another Bright, Spectral or Thunder Force; like, decent. Watchable. But nothing special.
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